Hong Kong logistics start-up Lalamove said on Wednesday that it has raised US$100 million in the latest round of funding, placing its valuation to close to US$1 billion, giving further impetus to its expansion plans in Southeast Asia and maintain its ... ( read original story ...)
Despite long commutes to save money, Hong Kong couple just can’t keep pace with rising property prices
Carrie Lam looks to boost home ownership in Hong Kong with cheaper flats for the middle class Under ... The home prices under the scheme were unknown, but a government source said monthly mortgage payments, as measured against monthly income, would be ... ( read original story ...)
Here’s why you can’t afford a house, Bank Negara tells Malaysians
The central bank has resisted calls to loosen mortgage lending, instead saying the property ... affordability out of 18 metropolitan regions around the globe, with Hong Kong homes costing 19 times income and Beijing 14.5 times. Malaysia’s central bank ... ( read original story ...)
Carrie Lam looks to boost home ownership in Hong Kong with cheaper flats for the middle class
Hong Kong’s sandwiched middle-class families ... The home prices under the scheme were unknown, but a government source said monthly mortgage payments, as measured against monthly income, would be in line with that for other subsidised housing, which ... ( read original story ...)
Here’s why you can’t afford a house, Malaysia’s central bank tells citizens
The central bank has resisted calls to loosen mortgage lending, instead saying the property ... affordability out of 18 metropolitan regions around the globe, with Hong Kong homes costing 19 times income and Beijing 14.5 times. Malaysia's central bank ... ( read original story ...)
China to issue first dollar bonds since 2004, in Hong Kong
China’s Ministry of Finance has revealed plans to sell US$2 billion worth of dollar-denominated sovereign bonds in Hong Kong, its first dollar bond offering ... said Wu Qiong, an analyst at BOC International. The ministry’s bond sale comes ahead ... ( read original story ...)
Trade balance still in deficit despite rise in exports
Meanwhile, double-digit growth in export receipts were recorded from trade partners in Asia such as Hong Kong (21.9 percent), Thailand ... financed modernization plan for the Bureau of Customs (BOC). This can boost BOC’s efficiency, effectiveness ... ( read original story ...)
Hong Kong stocks erase gains as Lam’s speech sends home builders tumbling
Hong Kong’s stock market had erased earlier gains by lunchtime, as Chief Executive Carrie Lam Cheng Yuet-ngor’s failure to detail land supply measures in her policy speech sent property stocks tumbling. Mainland markets finished the morning mixed. ( read original story ...)
Hong Kong stocks breach yet another 10-year high
Hong Kong equities slipped from last week’s record highs on Monday as investors chose to take profits. But share prices bounced back with strong momentum, provided by technology and property stocks. HSBC emerged as the biggest gainer of the day ... ( read original story ...)
Hong Kong Regulator Probes Financial Firms for Shoddy IPOs
HONG KONG—Hong Kong’s securities regulator is investigating 15 financial firms for what it called substandard work while arranging initial public offerings, a senior official said Wednesday. Thomas Atkinson, head of enforcement at Hong Kong’s ... ( read original story ...)
Venus Williams keeps mum on Serena at Australian Open after getting back to business in Hong Kong
Keep the questions to the tennis, the gathered media was urged before Venus Williams’ post-match press conference. The Victoria Park media tent hardly seemed the time or place to bring up the fatal car crash she was involved in earlier this summer. ( read original story ...)
Subsidies for Hong Kong commuters, huge cuts to profits tax to be announced in Carrie Lam’s policy address
Hong Kong’s public transport commuters will be given a monthly ... Carrie Lam Cheng Yuet-ngor’s maiden policy address, the Post has learned. Local business operators will also benefit, with the profits tax rate for their first HK$2 million in profits ... ( read original story ...)
Conservative party activist ‘barred from entering Hong Kong’
A British activist who has voiced concern over eroding freedoms in Hong Kong was barred from entering the city on Wednesday, as Beijing prepares for a major political gathering next week. Benedict Rogers, the deputy chairman of the Conservative party's ... ( read original story ...)
Pricey property leaves Hong Kong families struggling to buy own home
When Hong Kong Chief Executive Carrie Lam officially announced a new “Starter Homes” scheme on Wednesday to help middle-class families own their first home, 27-year-old bank employee Jeffrey Chan was left unmoved. The combined income of Chan and his ... ( read original story ...)